Construction Company Funding
New construction expected to reach a value of $1.5 trillion by 2023. Keep up with demand and build your construction business with up to $500,000 in funding in just 24 hours.
Fast, Easy Construction Company Funding:
Whether you’re bidding on a new project, bridging seasonal gaps, or expanding your construction business, funding can help businesses of all sizes and specialties stay competitive.
Securing financing from traditional lenders like banks can be challenging. The process often takes weeks, and many loans are denied because construction company funding is considered “high risk” due to demand fluctuations, cash flow variability, and tight profit margins.
As an alternative lender, NextGen Capital can approve more construction company loans than traditional lenders, often within just one business day. We offer various types of small business funding to help grow your construction business, with alternative construction loans ranging from $3,000 up to $500,000. We provide funding for all specialties, including remodelers, renovators, contractors, concrete workers, electricians, plumbers, HVAC technicians, landscapers, specialty tradespeople, and more.
Construction Company Funding Solutions
Our friendly, expert Funding Advisors will work with you to determine which funding option will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How To Use Construction Company Funding:
- Purchase or repair equipment to reduce reliance on subcontractors
- Bid for larger projects by upgrading equipment or hiring staff
- Improve technology, such as acquiring 3D printers or advanced scheduling systems
- Purchase materials to get a head start on upcoming projects
- Invest in mentoring and training programs for new employees
- Maximize seasonal downtime by investing in marketing or new technologies
- Adopt new innovations like Building Information Modeling (BIM), telematics, virtual reality, augmented reality, robotics, drones, 3D printing, connected devices, and autonomous vehicles
Will You Qualify for Construction Company Funding?
Exact qualification requirements depend on the type of construction company funding you are seeking. Approval for construction company funding from NextGen Capital isn’t based solely on your credit score or financial history. Instead, we focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Construction Company Funding Works:
Construction Company Funding Q&A:
You can obtain funding for a construction company from traditional lenders like the SBA or a bank, as well as from alternative lenders like NextGen Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score. We also offer revenue-based financing options that are better suited for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.
We have a simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
Most traditional banks consider construction companies high-risk and may not provide funding. As an alternative lender, we have different approval requirements and can approve funding for “high-risk” industries. We can provide you with the capital you need to cover project expenses, labor, materials, and more—often in less than 24 hours.
The best way to get the funding you need is through an alternative lender like NextGen Capital. Alternative construction company funding is ideal for purchasing raw materials that will help you secure a large project and increase your revenue. We offer a quick, stress-free application process, with same day funding available for most applicants. Speak with one of our friendly Funding Advisors to identify the right solution for you.
